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CentralNic acquires domain name and hosting reseller TPP Wholesale

Mon, 20th May 2019 08:34

(Sharecast News) - Subscription internet service CentralNic has agreed to acquire Australian and New Zealand domain name and hosting reseller TPP Wholesale for AUD $24m in cash.CentralNic expects the acquisition of TPP to be immediately earnings enhancing, with double-digit earnings accretion forecast for 2020, and also believes the integration of TPP to the wider group will provide "significant scope for cost synergies".In addition to the AUD $24m cash payment, the AIM-listed group will also assume certain liabilities of roughly AUD $1.6m from TPP's current owner ARQ.CentralNic also noted that given the acquisition was a carve-out from a listed entity, it expects to incur a number of one-off integration costs of around AUD $1.8m, of which AUD $700,000 were expected to arise in its current financial year.Chief executive Ben Crawford said: "We are delighted to become the leading supplier to domain name and hosting resellers in Australasia through this highly earnings accretive acquisition."We look forward to bringing the benefit of our global resources to our thousands of new Australian and New Zealand domain name reseller customers. The timing of this deal is propitious as it allows CentralNic to participate fully in the proposed launch of the new .au domain extension."As of 0900 BST, CentralNic shares had climbed 5.26% to 60p.
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CentralNic Inks Domain Distribution Pact With Indian Firm

LONDON (Alliance News) - Software platform company CentralNic Group PLC said Monday it has secured a distribution contract for the top level domain .ooo.The contract an

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CentralNic's .xyz domain approved in China

(ShareCast News) - Internet company CentralNic's .xyz domain has been approved by the Chinese government for use in the country. The .xyz domain is one of the first endings to be accredited by the Chinese Ministry of Industry and Information Technology (MITT) to allow business and individuals in chi

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7 Sep 2016 10:40

CentralNic revenues rise after acquisition of InstraGroup

(ShareCast News) - CentralNic grew revenues by 101% in the first half, boosted by the acquisition of Instragroup. The internet platform business retail divisionĀ“s performance was 'significantly' enhanced by the acquisition of Instra Group, which diluted the gross margin to 26% while increasing

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1 Aug 2016 16:07

CentralNic wins right to disribute .FM domain on platform

(ShareCast News) - CentralNic Group, the internet platform business which derives revenues from the global sale of domain names, has been awarded the exclusive contract with San Francisco-based BRS Media, the rights holder for the Top-Level Domain .FM, to distribute the .FM domain on it's global tec

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1 Aug 2016 08:29

CentralNic Secures Licence To Distribute .FM Domain

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17 Jun 2016 12:54

CentralNic partners with UKCI on .art domain

(ShareCast News) - Domain name sales platform business CentralNic announced on Friday that it has contracted with UK Creative Ideas - the rightsholder for the new top-level domain .art - to be its exclusive registry service provider. The AIM-traded firm said .art will be introduced in a staged launc

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17 Jun 2016 06:36

CentralNic Signs Deal To Be Registry Service Provider For .ART

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